STOCK MARKET REPORT FOR 26TH JULY 2019
A total turnover of 1.069 billion shares worth N11.393 billion in 16,346 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.086 billion shares valued at N13.390 billion that exchanged hands last week in 15,774 deals.
The Financial Services industry (measured by volume) led the activity chart with 606.437 million shares valued at N5.381 billion traded in 7,529 deals; thus contributing 56.75% and 47.23% to the total equity turnover volume and value respectively. The ICT Industry followed with 225.576 million shares worth N1.776 billion in 751 deals. The third place was Conglomerates Industry with a turnover of 66.375 million shares worth N85.924 million in 890 deals.
Trading in the Top Three Equities namely, Courteville Business Solutions Plc, United Bank for Africa Plc and FCMB Group Plc (measured by volume) accounted for 402.694 million shares worth N819.828 million in 1,526 deals, contributing 37.68% and 7.20% to the total equity turnover volume and value respectively.